Alta Capital Management LLC Makes New Investment in ExlService Holdings, Inc. (NASDAQ:EXLS)

Alta Capital Management LLC bought a new position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 4,630 shares of the business services provider’s stock, valued at approximately $205,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Chartwell Investment Partners LLC lifted its position in ExlService by 0.8% during the 3rd quarter. Chartwell Investment Partners LLC now owns 31,353 shares of the business services provider’s stock worth $1,196,000 after acquiring an additional 254 shares during the last quarter. UMB Bank n.a. lifted its position in ExlService by 17.6% during the 4th quarter. UMB Bank n.a. now owns 1,926 shares of the business services provider’s stock worth $85,000 after acquiring an additional 288 shares during the last quarter. Dakota Wealth Management raised its position in shares of ExlService by 5.0% during the fourth quarter. Dakota Wealth Management now owns 6,497 shares of the business services provider’s stock valued at $288,000 after buying an additional 311 shares during the last quarter. Quantinno Capital Management LP raised its position in shares of ExlService by 2.3% during the third quarter. Quantinno Capital Management LP now owns 15,658 shares of the business services provider’s stock valued at $597,000 after buying an additional 359 shares during the last quarter. Finally, Pathstone Holdings LLC raised its position in shares of ExlService by 0.8% during the third quarter. Pathstone Holdings LLC now owns 49,950 shares of the business services provider’s stock valued at $1,906,000 after buying an additional 405 shares during the last quarter. Institutional investors and hedge funds own 92.92% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Maurizio Nicolelli sold 13,753 shares of the stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $49.14, for a total transaction of $675,822.42. Following the sale, the chief financial officer now directly owns 194,440 shares of the company’s stock, valued at $9,554,781.60. This represents a 6.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Ajay Ayyappan sold 1,865 shares of the stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $48.32, for a total transaction of $90,116.80. Following the sale, the executive vice president now directly owns 40,986 shares in the company, valued at $1,980,443.52. This trade represents a 4.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 36,793 shares of company stock valued at $1,852,461. 4.16% of the stock is currently owned by insiders.

ExlService Stock Performance

NASDAQ:EXLS opened at $47.83 on Tuesday. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $7.76 billion, a PE ratio of 41.96, a price-to-earnings-growth ratio of 2.11 and a beta of 1.03. ExlService Holdings, Inc. has a 12-month low of $28.16 and a 12-month high of $52.43. The firm has a 50-day moving average price of $48.13 and a 200 day moving average price of $43.31.

ExlService (NASDAQ:EXLS) last issued its quarterly earnings data on Tuesday, February 25th. The business services provider reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.08). The firm had revenue of $481.43 million for the quarter, compared to the consensus estimate of $475.68 million. ExlService had a return on equity of 23.23% and a net margin of 10.61%. Research analysts anticipate that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

Analysts Set New Price Targets

EXLS has been the subject of a number of research analyst reports. StockNews.com raised shares of ExlService from a “hold” rating to a “buy” rating in a research report on Sunday, February 2nd. Stifel Nicolaus upped their price objective on shares of ExlService from $48.00 to $54.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Needham & Company LLC upped their price objective on shares of ExlService from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Finally, Jefferies Financial Group upped their price objective on shares of ExlService from $47.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday, January 21st. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, ExlService has a consensus rating of “Moderate Buy” and an average target price of $47.38.

ExlService Profile

ExlService Holdings, Inc operates as a data analytics, and digital operations and solutions company in the United States and internationally. The company operates through Insurance, Healthcare, Analytics, and Emerging Business segments. It also provides digital operations and solutions and analytics-driven services, such as claims processing, premium and benefit administration, agency management, account reconciliation, policy research, underwriting support, new business acquisition, policy servicing, premium audit, surveys, billing and collection, commercial and residential survey, and customer service using digital technology, artificial intelligence, machine learning, and advanced automation; digital customer acquisition services using a software-as-a-service delivery model through LifePRO and LISS platforms; subrogation services; and Subrosource software platform, an end-to-end subrogation platform.